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FOX Business
Nov 19, 2012 4:00pm EST
it when all bank stocks are off. oil closing at 115. tensions between israel and palestinian militant in some. liz: let's bring in a guy that has watched the markets for years. phil flynn is the senior market analyst at fox. you also have to look at the jump in equities. if some of that positivity that we are seeing that makes a little bit better growth? >> i think it's better growth, to be honest with you. there is no doubt this conflict could today's rallies of about much more. we are back to focusing on the fiscal cliff. we are back to focusing on the possibility of a deal and that means oil demand going forward. you know, in fact, particularly today, oil traders really have to look at the situation of what is happening with egypt. that is why traders were so worried about this potential conflict. he didn't know how the new president in egypt was going to act. well, it looks like he could be asking for a cease-fire with israel. it does take away from the conflict that will go a lot further. david: i have heard from a lot of traders saying if this were a long-term trend, we would se
FOX Business
Nov 21, 2012 4:00pm EST
temporarily turned lower on the cease-fire agreement between israel and hamas. crude price turned and settled at $87.38 per barrel. up $0.63 from yesterday. the average u.s. rates on fixed mortgages fell to new record lows from the average rate on a 30-year loan it 3.3%. the lowest on record. the 15 year fixed mortgage dropped 2.63%. lauren: a cease-fire deal, but if the violence persists, how much will oil prices climb? david: founder and chief investment officer and our touchstone for all the commodity information. >> the probability of this really exploding is pretty small. i think the market is telling you that we saw a big selloff. a bit of a cease-fire, now back on, kind of off, we will see what happens. as crude oil gets to the end of the year and profit-taking sets in from people walking in capital gain, you will see crude oil, for little bit. lauren: spencer, seems you think the fiscal cliff is more of having an effect on the price of oil than the violence in the middle east. >> it certainly puts an overhead cap. we get an explosion of something, we will get crude oil popping of the
Search Results 0 to 1 of about 2